Monterey College Of Law
- Assets
- $7.7m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 125
- Location
- Seaside, CA
- Founding
- 03/1973
- Data as of
- 07/2021
- EIN
- 94-2202421
Organization Overview
Monterey College Of Law is located in Seaside, CA. The organization was established in 1973. As of 07/2021, Monterey College Of Law employed 125 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monterey College Of Law is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 07/2021, Monterey College Of Law generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $4.0m during the year ending 07/2021. While expenses have increased by 8.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MONTEREY COLLEGE OF LAW IS A TAX EXEMPT CORPORATION ORGANIZED TO PROVIDE A HIGH-QUALITY, AFFORDABLE, AND CHALLENGING LEGAL EDUCATION FOR ALL APPLICANTS WHO MEET THE ACADEMIC REQUIREMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAW SCHOOL - STRATEGIC OBJECTIVES:1. IMPROVE PERFORMANCE ON THE CALIFORNIA BAR EXAM.2. MAINTAIN QUALITY ADMISSION STANDARDS.3. MAINTAIN PRUDENT FISCAL STEWARDSHIP.4. DEVELOP COLLABORATIVE RELATIONSHIPS WITHIN HIGHER EDUCATION COMMUNITY.5. EXPAND RECOGNITION AND MARKETING PROGRAM.6. EXPAND CLINICAL PROGRAMS - MANDELL GISNET CENTER.ADMISSIONS AND DIVERSITY:MCL CONTINUES TO BE COMMITTED TO PROVIDING THE OPPORTUNITY FOR ACCESS TO A LEGAL EDUCATION TO A BROAD AND DIVERSE POPULATION. THE LAW SCHOOL CONTINUES TO REFLECT AN INCREASINGLY MORE DIVERSE STUDENT BODY THAT ALSO REFLECTS THE CHANGING DEMOGRAPHICS OF THE COMMUNITY.ADMISSION STANDARDS HAVE BEEN CONSISTENT OVER THE PAST FIVE YEARS.MCL'S ENROLLMENT STRATEGY IS TO SELECT THE MOST QUALIFIED 30 TO 40 NEW STUDENTS EACH YEAR WHILE MAINTAINING A RELATIVELY CONSTANT STANDARD FOR LSAT AND UNDERGRADUATE GPA.OUR BASIC GOAL IS TO ACHIEVE AN ENTERING CLASS STANDARD OF AT LEAST A 30% AVERAGE LSAT AND 3.00 UNDERGRADUATE GPA. MCL HAS EXCEEDED THIS GOAL FOR THE PAST FIVE YEARS. MCL'S OVERALL GRADUATION RATE FOR THE PAST TEN YEARS IS APPROXIMATELY 75%. ADMISSION STANDARDS ARE COMPETITIVE ON A STATE-WIDE LEVEL.FACULTY EXCELLENCE - 60 LOCAL LAWYERS AND JUDGES SERVE AS ADJUNCT FACULTY.OVER TWO-THIRDS OF THE CURRENT MCL FACULTY ARE GRADUATES OF TIER 1 U.S. LAW SCHOOLS. (US NEWS AND WORLD REPORT RANKINGS.) AN ADDITIONAL 20% ARE TOP TIER GRADUATES OF MCL.
SINCE 2007, THE MONTEREY COLLEGE OF LAW'S MANDELL GISNET CENTER FOR CONFLICT MANAGEMENT HAS PROVIDED MEDIATION PROGRAM SERVICES TO THE MONTEREY COUNTY SUPERIOR COURT. THE COURT DIRECTED CIVIL MEDIATION REFERRAL PROVIDES TWO HOURS OF FREE MEDIATION FROM A VOLUNTEER EXPERIENCED LAWYER-MEDIATOR. THE PROGRAM ALSO PROVIDES MEDIATION TRAINING FOR LAW STUDENTS AND COMMUNITY MEMBERS.
ACADEMIC AND LIBRARYTHE COLLEGE PROVIDES ACADEMIC AND LIBRARY FACILITIES AND SERVICES TO LAW STUDENTS AND TO THE COMMUNITY FOR RESEARCH AND CONTINUING LEGAL EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mitchel L Winick Dean | Officer | 40 | $203,436 |
Elizabeth Xyr Associate Dean | 40 | $136,264 | |
Heather English Finance Mgr | Officer | 40 | $61,394 |
Teresa Goldner Chair Elect | OfficerTrustee | 2 | $0 |
Charles J Mckee Past Chair | OfficerTrustee | 2 | $0 |
Kate Daniels Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $148,815 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $148,815 |
| Total Program Service Revenue | $3,678,386 |
| Investment income | $30,447 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,895 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,866,543 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $44,171 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $304,902 |
| Compensation of current officers, directors, key employees. | $80,213 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,918,397 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $61,800 |
| Payroll taxes | $175,726 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,173 |
| Fees for services: Accounting | $54,829 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,616 |
| Fees for services: Other | $271,940 |
| Advertising and promotion | $192,120 |
| Office expenses | $35,583 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $62,411 |
| Travel | $19,998 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,446 |
| Interest | $127,398 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $146,623 |
| Insurance | $78,256 |
| All other expenses | $126,804 |
| Total functional expenses | $3,989,943 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $552,061 |
| Savings and temporary cash investments | $256,428 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $300,724 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $729 |
| Net Land, buildings, and equipment | $3,931,378 |
| Investments—publicly traded securities | $2,594,994 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $54,686 |
| Other assets | $175 |
| Total assets | $7,691,175 |
| Accounts payable and accrued expenses | $126,316 |
| Grants payable | $0 |
| Deferred revenue | $353,967 |
| Tax-exempt bond liabilities | $2,463,825 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $500,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,444,108 |
| Net assets without donor restrictions | $995,535 |
| Net assets with donor restrictions | $3,251,532 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,691,175 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Monterey College Of Law has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Alexander F Victor Foundation Monterey, CA PURPOSE: TO PROVIDE LEGAL EDUCATION ON THE CENTRAL COAST | $2,000 |
Endowment Analysis
| Beg. Balance | $1,074,165 |
| Earnings | $270,934 |
| Net Contributions | $27,165 |
| Other Expense | $26,127 |
| Ending Balance | $1,346,137 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Washington Stem Center Seattle, WA | $144,962,083 | $51,456,581 |
Partnerships To Uplift Communities Los Angeles Burbank, CA | $14,420,401 | $24,912,837 |
Synergy Academies Los Angeles, CA | $22,403,920 | $21,618,793 |
San Diego Jewish Academy San Diego, CA | $60,657,178 | $18,702,706 |
College Preparatory School Oakland, CA | $86,770,968 | $29,982,508 |
Literacy First Charter Schools El Cajon, CA | $29,290,072 | $23,446,904 |
De Toledo High School West Hills, CA | $54,114,350 | $20,796,544 |
Saybrook University Pasadena, CA | $17,039,418 | $21,644,889 |
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |
Alliance For College-Ready Public Schools Facilities Corporation Pasadena, CA | $262,311,538 | $18,102,977 |
Childrens Day School Inc San Francisco, CA | $48,363,638 | $20,220,768 |
Idaho Virtual Academy Inc Meridian, ID | $13,523,804 | $19,379,134 |